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YAY! I've just been invited to become a top 1%

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EliteRetard said:
Visa Black

Obviously this is the low end/entry card for the top 1%

How many others here have it?
Trying to decide if I should hold out for the Amex or Citi premium cards.
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just wait for the thrill of being invited to by a Who's Who book (what';s that?) publishing your holy name
 
Svnla said:
No one know for sure the exact protocols/requirements for this AE black card. The charges on my business are about 250K - 300K per year and I paid off all of them on time, never late, but haven't receive any invitation for this AE black card.
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Spending in AMEX partners coffers I heard opens doors to it.
 
EliteRetard said:
I might be able to take pics of the shredded remains. I did just upgrade to a phone from 2010.
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Wait, so you were invited, applied, got the card and just shredded it?!?!?

That picture of cash is like $1600, and crappy quality. Not sure want the coins are.
 
GasX said:
Visa Black is 100% hype

Amex Black is 100% Baller

Which one did they offer to you? enough said
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+1

tortillasoup said:
i got an offer as well
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me too
everyone gets one afaict

I got an Amex in 2008 with zero revenue solely based on my credit score
I remember my friend's tool-asian-friend got one as well and felt all badass flashing it buying his full-priced movie tickets
I don't think it's really a status symbol but people seem to be impressed by it and think it's money on the sole basis that it's a see-through Amex

BlueSky_HeroImage_606x439.jpg
 
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alkemyst said:
Wait, so you were invited, applied, got the card and just shredded it?!?!?

That picture of cash is like $1600, and crappy quality. Not sure want the coins are.
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10oz platinum 3oz gold. All total there was like $24k there in raw value.
Those gold coins were the highest purity maple leaf .99999 with a higher than melt value. The platinum was also rated PCGS 70 so had a higher collector value.
 
soccerballtux said:
+1




me too
everyone gets one afaict

I got an Amex in 2008 with zero revenue solely based on my credit score
I remember my friend's tool-asian-friend got one as well and felt all badass flashing it buying his full-priced movie tickets
I don't think it's really a status symbol but people seem to be impressed by it and think it's money on the sole basis that it's a see-through Amex
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I have a free Costco account, should I get their Amex card so I can have some clear plastic too?
 
EliteRetard said:
10oz platinum 3oz gold. All total there was like $24k there in raw value.
Those gold coins were the highest purity maple leaf .99999 with a higher than melt value. The platinum was also rated PCGS 70 so had a higher collector value.
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/because Canada.
 
alkemyst said:
/because Canada.
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When they first introduced those coins they were the highest purity coins in the world (they may still be), they were also a limited production run so they have a collectors value added.

Some of those platinum coins were worth 50%+ the raw value.
 
EliteRetard said:
When they first introduced those coins they were the highest purity coins in the world (they may still be), they were also a limited production run so they have a collectors value added.

Some of those platinum coins were worth 50%+ the raw value.
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OK...I just cash in half dollars and full dollars for 12-13x their face value.

Those coins are amped up now. I am sure you lost your butt in the day on them.

That will change.

What's the full bullion value?
 
Visa Black? I get those, see they want me to pay them $500 a year, laugh, throw them in the recycling bin.

An Amazon card that pays 3% for them and 1% for everything else is good enough for me.
 
Have to be way out of your mind to pay such a high annual fee for a credit card. Whatever benefits you may get from that card you are paying for it through the annual fee. I guess if it gives you double the points or something and you spend enough it MIGHT be worth it, but I'm sure if you were to do the math, probably not.

I get all sorts of credit card offers in the mail because of my high credit rating, they get filed directly into the paper shredder. Just because I CAN get more credit does not mean I should. Took out a shark loan at Citi once, now they always call me with offers. No thanks. It was an emergency at the time. How good is this offer, 25% interest instead of 29%? 😛
 
alkemyst said:
OK...I just cash in half dollars and full dollars for 12-13x their face value.

Those coins are amped up now. I am sure you lost your butt in the day on them.

That will change.

What's the full bullion value?
Click to expand...

The numbers I gave are the raw bullion value. Market value was probably closer to $35k there. I don't recall the exact numbers though.

I made a killing on metals. 2.5x (gold/plat) to over 4x return (silver).

After selling metals at record highs I bought tons of stock at abnormal lows. Those stocks are now back way up (2-3x). I also have retirement accounts (roth/401k etc) that have done very well (2x+). I moved money into cash/bonds as the market was moving south and moved it back into stocks as it recovered (I did get burned on some foreign stocks but meh).

Always been good with numbers and understood how the market worked. The whole "depression" we had was fantastic for me. A very rare opportunity that I was able to take full advantage of.

I may or may not be a millionaire (probably not), but I make enough each month to afford really cheap rent, some cheap food, some video games, and continue to grow my savings. I don't currently need to work so essentially I'm retired. And if my money stopped growing altogether I would still have a decade or more before I needed to worry about a job.

No I don't own a house, or a fancy car (for me it is, first new car ever), my computer is a free hand me down from 2010 (and I just got a free hand me down phone from 2010), my clothes are all dirt cheap super old jeans/t-shirts, I'm 100% virgin (never even so much as held hands with a girl), and I don't care. I'm fairly comfortable with my situation. I do have one friend and some family in the area and I can go out for a movie or dinner with any of them without worry.

I even did a 6 month trek across Florida and then across the US after visiting my sister and then did a 3 month trip to Japan. The Florida trip wasn't bad, I lived in the back of an efficient $2k ford hatchback...but the Japan trip was pretty spendy. Was still worth it...and I could probably do another trip like that again if I wanted to every other year or so.
 
Red Squirrel said:
Have to be way out of your mind to pay such a high annual fee for a credit card. Whatever benefits you may get from that card you are paying for it through the annual fee. I guess if it gives you double the points or something and you spend enough it MIGHT be worth it, but I'm sure if you were to do the math, probably not.

I get all sorts of credit card offers in the mail because of my high credit rating, they get filed directly into the paper shredder. Just because I CAN get more credit does not mean I should. Took out a shark loan at Citi once, now they always call me with offers. No thanks. It was an emergency at the time. How good is this offer, 25% interest instead of 29%? 😛
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I actually could use more credit...since I have no loans of any kind. You need to have over $50k in credit for an A rating. I don't currently have $50k credit. A house loan will almost always put you there but that's a lot more than $500 a year. If I could break that credit barrier it would probably boost my score 15-20 points.

I probably could have gotten a car loan when I bought my new car earlier this year but I saved ~$5k before interest by doing cash. And I guess as long as I don't need a loan for anything I don't really need a credit score either.

I can't think of any reason I would need a loan for anything anymore. It's going to be at least 10 years before I even think about buying something that would need it. Pretty much not going to buy a house, its $300k for a dump out here. Half a mil if you want a decent 800-1200 sq ft home on its own property in a decent area. I'll stick with my $450/month rent with all utilities.
 
Red Squirrel said:
Have to be way out of your mind to pay such a high annual fee for a credit card. Whatever benefits you may get from that card you are paying for it through the annual fee. I guess if it gives you double the points or something and you spend enough it MIGHT be worth it, but I'm sure if you were to do the math, probably not.

I get all sorts of credit card offers in the mail because of my high credit rating, they get filed directly into the paper shredder. Just because I CAN get more credit does not mean I should. Took out a shark loan at Citi once, now they always call me with offers. No thanks. It was an emergency at the time. How good is this offer, 25% interest instead of 29%? 😛
Click to expand...

Real elite cards offer services those that can really utilize those cards can enjoy.

Back in my heyday we didn't have these kinds of points and the like. Getting a fixed rate card with $50k+ of spending limit at single digit interest was sort of golden 🙂

and no annual fee.

I have friends that have cards that just give them great seats at times to certain events for the cheap ticket price and even VIP areas that include full service/comped food and drink.

The best cards I have had recently have VIP areas and cheaper tickets than rack rate, but you are still paying for drinks and food and no one is bringing them to you.
 
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